Banks Kick Off Sale of Junk Bonds Backing BASF Coatings Deal

Banks Kick Off Sale of Junk Bonds Backing BASF Coatings Deal

Banks have kicked off the sale of roughly €1.95 billion-equivalent ($2.28 billion) of junk bonds to help finance BASF SE’s auto paint and finishing division acquisition by Carlyle Group Inc. and partner Qatar Investment Authority.

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